At Consensus 2025, Dave Portnoy openly admitted his XRP investment was fueled by fear of missing out (FOMO), not belief in Ripple’s technology. He compared Bitcoin to meme coins and recounted past missed opportunities, like selling Bitcoin early after a confusing pitch from the Winklevoss twins. Portnoy’s anecdotes underscored the speculative nature of crypto, where emotions often override strategy. His $2.40 XRP bet exemplifies the high-risk, high-reward mindset dominating retail crypto trading. The panel blended humor and harsh truths about market cycles, resonating with attendees navigating crypto’s volatility.
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Kanye West Requests Meeting with Crypto Trader Amid Account Sale Speculation
Kanye West, now known as Ye, sparked speculation about the ownership of his social media account after requesting a meeting with crypto trader Ansem, who is recognized for his insights on meme coins. The tweet, which was later deleted, has led to debates about whether West has sold his account, especially in light of his recent controversial statements regarding a new token launch, “Swasticoin.” Despite his claims, no token has been released yet.
read moreOX FUN Faces Extortion Allegations Amid Liquidity and Market Manipulation Concerns
Crypto exchange OX.FUN faces extortion allegations after messages surfaced suggesting it offered to return $1 million in frozen user funds in exchange for positive social media promotion. The exchange claims the artist collective JefeDAO engaged in market manipulation, while concerns about OX.FUN’s financial health grow, with reports indicating it holds less than $1.7 million in liquid assets. The situation is further complicated by connections to Su Zhu, co-founder of the defunct Three Arrows Capital, who was recently arrested in Singapore.
read moreKanye West Announces Swasticoin Amid Controversy and Community Skepticism
Kanye West, now known as Ye, has stirred controversy with plans for a meme coin called ‘Swasticoin’ and a potential blockchain launch, amid confusion over his social media activity. His tweets included offensive language and accusations against others in the crypto space, raising concerns about a possible ‘rug pull’ scheme. Despite the buzz, no coin has been launched yet, and skepticism about the authenticity of his account management persists.
read moreBarstool Founder Launches and Sells GREED Meme Coin in One Hour
Barstool Sports founder Dave Portnoy launched the $GREED meme coin as a social experiment, only to sell his entire position within an hour, causing its value to plummet over 90% and netting him approximately $258,000. This move comes amid controversy in the meme coin space, particularly surrounding the LIBRA token, which faced allegations of insider trading and market manipulation. Following the $GREED incident, Portnoy introduced another token, GREED2, while emphasizing his freedom to sell other coins despite previous claims.
read moreDave Portnoy’s Memecoins Collapse Amid Controversy and Criticism
Dave Portnoy’s launch of the GREED memecoin on the Solana blockchain saw him acquire 35% of the total supply, but after cashing out with a profit of nearly $258,000, the token’s value plummeted over 90%. He subsequently introduced GREED2, which also collapsed in value, and has been linked to the Libra memecoin, where he reportedly lost millions. Portnoy continues to promote JAILSTOOL, asserting he won’t sell until it reaches a $1 billion market cap.
read moreMark Cuban Abandons Meme Coin Plans Amid Controversy and Calls for Change
Mark Cuban has abandoned plans to launch a meme coin, citing the need for greater transparency and fairness in the sector. His decision follows the controversy surrounding Argentina’s meme coin, Libra, which saw a rapid rise and fall, leading to fraud charges against President Javier Milei. Cuban had previously proposed a coin that would direct revenue to the U.S. Treasury, but now emphasizes the importance of consumer protections in the meme coin industry.
read moreDave Portnoy’s Controversial Moves in the Meme Coin Market
Dave Portnoy, founder of Barstool Sports, launched the meme coin GREED, which quickly surged to a $41.5 million market cap before he sold off his holdings, leading to a dramatic 99% drop in value. Amidst a wave of questionable crypto launches dubbed “crime season,” he also introduced GREED2, which plummeted 90% shortly after its debut. Portnoy’s actions have sparked allegations of rug pulls and insider trading within the meme coin space.
read moreDave Portnoy Profits from Solana Meme Coin Before Its Collapse
Dave Portnoy profited $258,000 from the Solana meme coin GREED, purchasing 35% of its total supply before a significant sell-off caused its value to plummet over 90%. Following this, he launched GREED2, warning investors of its volatility, while facing accusations of a pump-and-dump scheme. Despite the backlash, Portnoy remains active in the meme coin space, previously linked to the controversial Libra coin.
read moreDave Portnoy Launches $GREED2 After $GREED Token Price Crash
Dave Portnoy’s rapid sale of $GREED tokens led to a staggering 99% price drop, netting him approximately $258,000. Following the controversy, he launched $GREED2, holding around 27% of its total supply, while also promoting another meme coin, $JAILSTOOL. Portnoy’s actions have sparked criticism, highlighting the greed prevalent in the meme coin ecosystem.
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